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early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers later giving them cover to raise premiums. back to you. >>> sandynjrelief fund.org. mary pat christie is on the news line with us right now. welcome. good to have you with us. >> thanks, tyler. >> at some risk, i ask how are you and the christie family holding up? your husband and you have both then tireless this last week. gout to be pretty tired these days? >> we're doing pretty well. it's all relative, right, tyler? we don't have power yet but hopeful that we will soon. i'm also hopeful that our children get to go back to school tomorrow. >> we're in the sa
early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers...
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Nov 1, 2012
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it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month here. as we get ready for the jobs number tomorrow, we think about the jobs -- or all the of the economic data today was good. the manufacturing, the construction spending, the adp jobs number, the private sector number, has now changed their me methodology and broadly expanded the number of sampling they take, so it may be closer in correlation to what the jobs number tomorrow looks like. today's number was a gain of 158,000 jobs, which was above expectations. so who knows what that will mean for tomorrow. >> yeah, it's really interesting. why are we changing the
it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month...
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Nov 1, 2012
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hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps. >> shortage caused by hurricane sandy is causing lines in some cases miles long. joining us for monday is jonathan citron. thanks for calling in. you follow energy markets quite a bit. how long and how likely are the shortages to persist? >> i think we'll see the shortage persist for a short period of time. they're doing all they can to alleviate not only the damage, but it's all about getting the power back on. we need to get the glass to the pumps and the pumps working. so i think it's a matter of days rather than t
hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps....
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Nov 1, 2012
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returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the macroeconomic headwinds that we face. let's show you what's happening on on the open. lots happening in the oil and gas sector. we had numbers also out from the resources sector. but the overall tone in oil and gas is negative. there is some gray on the charts to report. retail autos tracking higher, household goods. and lloyds here in the uk has been reporting, as well. and there's been a very strong response to its numbers popping up more than 5% on the open. positive responses this morning. >> let's update you on the latest on super storm sandy. millions still without power. evacuation orders remai
returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the macroeconomic...
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Nov 1, 2012
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that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how will tomorrow's key jobs report move your money tomorrow? stick around. back in a moment. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and lo
that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how...
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Nov 5, 2012
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sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress and either a new administration or the existing one, but they've got to get it downsized pretty substantially pretty quickly. and it's going to require, because of that gridlock we're going to have again, a bipartisan concurrence. that's going to be the test in 2013. >> chris, what do you think? how do you want to invest with $1.5 billion under management, how are you allocating money today? >> i think you want to be neutral. i think you want to leave your bets at the doorstep and to take win side of the other is gambling and
sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress...
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Nov 1, 2012
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it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >> reporter: what's behind the long lines? first and foremost, a lack of electricity. gas stations without power, they just can't pump gas. second, some stations that have gas may run out quickly. the new jersey gasoline retailers association says the average station has about a 30,000-gallon tank. on a normal day, it turuns throh one-third of that, about 10,000 gallons. but in a post-sandy world it is going to run through that much sooner. last week some important cogs in the supply chain are without power or damage. the solution for now, truck
it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >>...
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Nov 5, 2012
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sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce springsteen in ohio. jay-z in wisconsin rather. mitt romney is going to new hampshire. twice to virginia. you look at the polls and they are extremely tight. our last nbc news/wall street journal poll shows 48% for obama. 47% for mitt romney. that's as tight as you can be. well within the margin of error. either candidate can win the popular vote. you look at the battleground states and that's where president obama held an advantage. look at final three polls for nbc and the wall street journal. first of all in virginia.
sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce...
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Nov 1, 2012
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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Nov 2, 2012
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again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral support and organizational support of the government, but the red cross would lead and go down. there was a very famous flood in "forgotten man" and my new book "the biography of coolidge," the flood of the mississippi. it was terrible. the president did not go down. that was coolidge. why not? he wanted the states and the private sector and the charities to take the lead. >> i got to leave it there. we're going to finish this conversation on the radio tomorrow. that's what we're going to. we're going to have more time. that's terrific. thanks. that's it for this evening's show. thanks for watching. stay tun
again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral...
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first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i agree with steve, this mum is better than the numbers in the past but not a whole lot better. the average number of jobs created since the job market turned around is 140,000 a month. so now and over the past couple of months at about 170,000 so that's better. the key number is the one you just referred to, carl. you have to think about how much do you need to keep employment constant as a proportion of the population. and that number is 119,000 per month. so what this tells you even with these numbers, even at 170,000 a month, we're adding about 50,000 a month. tha
first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i...
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and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
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Nov 15, 2012
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we had super storm sandy hit. that put an impact on a lot of retailers from department stores to big box stores like target and walmart. really what they're saying is the consumer is still under some pressure. that paycheck cycle still an issue for the walmart consumer and they say that jobs, gas prices and rising food prices also an issue for that group of shoppers. >> is housing about to fall off the fiscal cliff? what homeowners and future home buyers need to know right now. >>> mean. time, let's head out to sue at the schwab investor summit. impact in chicago. what do you got, sue? >> we got a lot coming. up. incidentally, ty, they miss you out here. we're going to talk about how to prevent your portfolio from literally going over the fiscal cliff. michael cuggino will show us. a five-star rated fund manager. $17 billion under management. where is he putting his money next on this special edition of "power lunch" live from chicago. >>> since 2008, u.s. debt has grown at an average pace of 14% each year. music
we had super storm sandy hit. that put an impact on a lot of retailers from department stores to big box stores like target and walmart. really what they're saying is the consumer is still under some pressure. that paycheck cycle still an issue for the walmart consumer and they say that jobs, gas prices and rising food prices also an issue for that group of shoppers. >> is housing about to fall off the fiscal cliff? what homeowners and future home buyers need to know right now....
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Nov 5, 2012
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we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open after the big reversal on friday. both the dow and nasdaq finished last week in the red. it's money, november 5th, 2012. and "squawk box" begins right flou.
we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open...
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we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
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Nov 7, 2012
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. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled several events in virginia as did the president. right thing to do. it did stem that tide of momentum i think a little bit in virginia. and certainly gave the president the chance to dominate a few news cycles to do what they needed to do and fema did a good job. even though most of the efforts state and local governments, president was out there doing the right thing. partisanship goes out the window during natural disasters. it hurt governor romney because he had five days he couldn't do anything. hopefully that won't hurt him in virginia. i still think we win by a couple.
. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled...
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Nov 7, 2012
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over the edge in terms of helping the president with his support of the president during hurricane sandy? >> no. chris christie has got a lot of pulls but he could have had a thousand other people pulling with him but there is no way the state was going to go for mitt romney. it wasn't going to happen. >> it was very clear to me that new jersey, new york, and states like ours would stay in the barack obama column. >> thanks so much. >> we will see you soon. >> phil? >> currently i am joined by will i. am with the black eyed peas. why did you come here tonight? >> i wanted to come here, i was here in 2008. being here in 2008, going to the community that i come from to soak up the inspiration and the energy to go back to that ghetto that i come from and rinse it out. o give them some sense responsibility individually to change their lives or family's lives and the community. i'm on the mission to bring the skill set to these kids so they can become tomorrow's leaders. i want you to go college and become tomorrow's entrepreneurs. just pay me back by changing our community. >> real quick. ho
over the edge in terms of helping the president with his support of the president during hurricane sandy? >> no. chris christie has got a lot of pulls but he could have had a thousand other people pulling with him but there is no way the state was going to go for mitt romney. it wasn't going to happen. >> it was very clear to me that new jersey, new york, and states like ours would stay in the barack obama column. >> thanks so much. >> we will see you soon. >>...
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Nov 13, 2012
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some of this, some of it is due to hurricane sandy but much on speculation on the fiscal cliff. retails a great day. home depot, 12-year high good reports from dick's sporting good, tjx, michael kors. the head of home depot very neutral, putty, toll to the upside. >> good to see you as always. thank you, my dear. seema mody to the nasdaq, she is following the big movers. >> technology a sore spot for the markets now the s and p tech index trading in correction territory, microsoft down on the departure of the windows division head. management shakeups the street likes, this one they clearly don't a quick check on social media stocks, facebook shares under a little bit of pressure as the street braces for a possible postlockup selling, the biggest lockup since facebook went public. roughly 800 million shares, sue, back to you. >> thank you very much, seem ma. to the bond market now, rick santelli is tracking the action for us at the cme. how are yields doing today, ricky? >> still continues to be a one-way market. the only thing we a by how big of a one-way street is it on? today
some of this, some of it is due to hurricane sandy but much on speculation on the fiscal cliff. retails a great day. home depot, 12-year high good reports from dick's sporting good, tjx, michael kors. the head of home depot very neutral, putty, toll to the upside. >> good to see you as always. thank you, my dear. seema mody to the nasdaq, she is following the big movers. >> technology a sore spot for the markets now the s and p tech index trading in correction territory, microsoft...
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Nov 6, 2012
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>> it has been up in the air because of hurricane sandy. what happens once we know who the president is. that is when the work begins, fiscal cliff, foreign policy and supreme court seats. >> the next federal reserve. >> everyone thinks their vote matters, though, i think this time because it is so close. it is a uniquely -- i felt good my kids went with my wife and were in the curtain and saw everything. scott had to stand on the side where you couldn't get close to the button. >> did you have a -- >> it was a total make shift where i voted. you had to write it down first and then scan. >> if you are in manhattan you don't need a curtain. >> the guy who was helping out said let me see your sheet. i said no. >> you have to bubble in these things like you are doing the s.a.t.s. people can see what you are doing. >> don't need a curtain in new york. obama. >> i saw some obamas. >> thank you. 7:00. you and carl will be getting us through until we know who won. >>> when we come back the election and the fiscal cliff, the chairman and ceo of pmc
>> it has been up in the air because of hurricane sandy. what happens once we know who the president is. that is when the work begins, fiscal cliff, foreign policy and supreme court seats. >> the next federal reserve. >> everyone thinks their vote matters, though, i think this time because it is so close. it is a uniquely -- i felt good my kids went with my wife and were in the curtain and saw everything. scott had to stand on the side where you couldn't get close to the...
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Nov 6, 2012
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a lot of people and a lot of the polling data, to the extent we care, sandy stopped mitt romney's momentum. momny was really on a high trajectory, now all of a sudden the race has changed and the polls are completely even. in your judgment, ann, how does romney get out of that box? he lost his mo, how does he get out of that box and win tomorrow night? >> i don't think he has lost his momentum. i think polls basically show the candidates tied in the swing states. except florida and north carolina, where romney -- i don't think they're even considered swing states anymore. even by the left. but of the remaining swing states, it's gone a little bit this way, a little bit that way, i wouldn't read too much into it considering the polls aren't going to be correct. the polls as ron johnson just said -- by the way, i spent the weekend in wisconsin, i did five different events, and they are very excited in the suburbs of milwaukee. i have romney winning at an absolute minimum 273 electoral votes. i don't usually do this because i'm confident romney's going to win because the country's really goin
a lot of people and a lot of the polling data, to the extent we care, sandy stopped mitt romney's momentum. momny was really on a high trajectory, now all of a sudden the race has changed and the polls are completely even. in your judgment, ann, how does romney get out of that box? he lost his mo, how does he get out of that box and win tomorrow night? >> i don't think he has lost his momentum. i think polls basically show the candidates tied in the swing states. except florida and north...
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Nov 29, 2012
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. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant flooding. that's not typically konked by us but by the government if you buy their policy. unfortunately very few people buy coverage. so unfort flatly there's a bunch of people whose homes got wrecked and that's what cuomo and christie are seeking. our government has a hit of going back to the state and saying, sorry you didn't buy insurance, here's some money and they'll do it again. they're trying to negotiate as to how much they get. >> allstate's ceo tom wilson. we appreciate your time. >> thank you. >>> when we return, we'll have gene ludwig. he will be our special guest. also at the bottom of the h
. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant...
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. >>> and two weeks in the dark post-sandy. the outrage growing and so are the calls for competition in power. we've got cable tv choices. why not electric choices? there's only one choice for cable for me, that's comcast. it is a great corporation. >> indeed it is. >> very, very heartwarming company. >> indeed it is, thank you, brian. >>> two sudden and shocking tales of sex on the job in the last week alone. cia head david petraeus resigning after an extramarital affair, and the incoming head of lockheed martin is out after having an affair with a subordinate. "the discrete guide for executive women, how to work well with men and other difficulties." we know of course how damaging these affairs can be to the players involved but talk about the collateral damage in the work place. the author joins us now. jennifer, thank you so much for joining us. >> thank you. >> let's talk first of all about these particular situations seem to be coming around more and more. but talk to me about the collateral damage in the workplace and so
. >>> and two weeks in the dark post-sandy. the outrage growing and so are the calls for competition in power. we've got cable tv choices. why not electric choices? there's only one choice for cable for me, that's comcast. it is a great corporation. >> indeed it is. >> very, very heartwarming company. >> indeed it is, thank you, brian. >>> two sudden and shocking tales of sex on the job in the last week alone. cia head david petraeus resigning after an...
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he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars in losses. the lawsuit alleges that hp management concealed the problems and another recent acquisition which we've talked about, electronic data, in an attempt to boost hp stock price. meantime in the "wall street journal," former employees, business partners and attorney attorneys say it's not difficult to conclude that the company autonomy's accounting was overly aggressive, they say such behavior tip filed autonomy long before hp bought it. and mike lynch says the company's culture was aggressive. >> they start off talking about how originally the ceo put up a si
he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars...
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that was before sandy. >> we don't need to build high-speed rail. >> i understand. >> really? we don't need to have solar energy next year powering all our cars. >> wait a second. i think there's a clean energy agenda over the longer term. but near term, if we're going -- >> it's not about jobs. >> i was with peter, we were in tokyo for the world bank meetings. peter has this great story. and it is about spending now and taking care -- >> this is the larry summers idea. >> jim liked it, too. >> it's not going to happen. >> it's not going to happen. you guys are really bumming me out. >> it's just not. >> i've even let you build a few things. >> the president only won this thing a few hours ago. >> we're going to have net fiscal contraction starting in 2013. that is where we are. >> net fiscal contraction. >> you're with bush in four years? i don't know. let me think about that. >> i'm a bush republican. as long as there's a bush republican running. >> i already threw christie out there. require want to get on the record, on the table, that i disagree with the idea that there c
that was before sandy. >> we don't need to build high-speed rail. >> i understand. >> really? we don't need to have solar energy next year powering all our cars. >> wait a second. i think there's a clean energy agenda over the longer term. but near term, if we're going -- >> it's not about jobs. >> i was with peter, we were in tokyo for the world bank meetings. peter has this great story. and it is about spending now and taking care -- >> this is the...
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and when we were down shortly after hurricane sandy hit and we were in the delta operations center and we were talking to some of the executives at delta, we said what do you think about the new 787. and they said we'll get them eventually. richard likes to have established airplanes in the fleet. that's not a knock against the 787, it just goes straight to his philosophy which is let's take these older aircraft and, yes, they may be less fuel farkt, but they can get the efficiencies. >> i never like to buy the first version of anything about that. >> if you think of it that way, you're -- we'll buy the brand new jets from china and fly those. aah! >> i want to go back to virgin america for just a second because i fly you and frankly i love you. i fly you to l.a. all the time. but you mostly focused on what are probably the most competitive routes out there. and i wonder just from a business model perspective, do you ever thing now that you should start thinking about different routes, frankly less competitive and may have a bigger margin? >> you go where the money is and there's a rea
and when we were down shortly after hurricane sandy hit and we were in the delta operations center and we were talking to some of the executives at delta, we said what do you think about the new 787. and they said we'll get them eventually. richard likes to have established airplanes in the fleet. that's not a knock against the 787, it just goes straight to his philosophy which is let's take these older aircraft and, yes, they may be less fuel farkt, but they can get the efficiencies. >>...
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it is because there's been a devastating side effects from sandy there. one of the worst probably in the whole of america. what do you make of this? do you buy it or is there a political reasoning behind what is going on? >> personally i'm not a cynic. i think it looked -- i think governor christie and president obama both look sincere and concerned. >> are you skeptical there is more political motive behind it? it is right to ask the question. >> of course it is okay to ask because it is shocking to see governor christie over and over and over again on show after show after show heighten his love each time he went on a different show for president obama. >> if you are mitt romney, there's your right hand guy. the guy who was the first to support you, who's been hammering obama on your behalf all year suddenly looking like his best friend. whichever you way you dress this up, this cannot help mitt romney, can it? >> no. the cynic would say, what did mitt romney do in the last couple of weeks to piss governor chris christie. he didn't have to go the extra
it is because there's been a devastating side effects from sandy there. one of the worst probably in the whole of america. what do you make of this? do you buy it or is there a political reasoning behind what is going on? >> personally i'm not a cynic. i think it looked -- i think governor christie and president obama both look sincere and concerned. >> are you skeptical there is more political motive behind it? it is right to ask the question. >> of course it is okay to ask...
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the flames fanned by the powerful winds of sandy. we'll be right back. [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> we learned today, the giant fire that devastated the new york city community of breezy point was even more destructive than first believed. fire officials upped the number of homes destroyed to 110. flames were fanned by the gale force winds of sandy. and today, search and rescue teams scoured debris, checking for victims. i'm joined by matt long, a former new york firefighter who lost his home in the fire. it's a miracle he's alive after th
the flames fanned by the powerful winds of sandy. we'll be right back. [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin'...
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let's go. >>> breaking news on hurricane sandy. live to gary tuchman in hoboken. you are in one of the worst parts of the storm there. we hear as many as 20,000 people in hoboken are still trapped. is that what you are hearing? >> well, piers, the news much more encouraging today than what we heard last night. what we found is this. the national guard has arrived. 45 members of the national guard with 18 vehicles. we went with them behind me through the city for 90 minutes tonight. we can tell you, the water has receded greatly and thousands of people in the buildings. most of them are here because they want to stay. the water no more than a foot or two deep right now, old people, elderly people, people infirm are still in buildings, and we went with the national guard, we asked people if we wanted to leave? no, we're happy playing cards, playing dominoes. able bodied are able to walk out on foot. we don't regard this situation as dire, not a life-threatening situation. >> great to hear. something about the stoicism of people, always pretty awe inspiring actually.
let's go. >>> breaking news on hurricane sandy. live to gary tuchman in hoboken. you are in one of the worst parts of the storm there. we hear as many as 20,000 people in hoboken are still trapped. is that what you are hearing? >> well, piers, the news much more encouraging today than what we heard last night. what we found is this. the national guard has arrived. 45 members of the national guard with 18 vehicles. we went with them behind me through the city for 90 minutes...
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the death toll from sandy is now up to at least 48 people in eight states, and nearly 6 million people in 15 states and the nation's capital are still without power tonight. also today president obama got a firsthand look of the jersey shore, one of the areas hardest hit by sandy. he was accompanied by new jersey governor chris christie. here they are in a photo just released by the white house within the past hour on marine one. the president said he will help. >> we are here for you and we will not forget, we will follow up to make sure that you get all the help that you need until you've rebuilt. >> the iconic boardwalk and seaside heights, new jersey, is just one of the places the president saw today. it's a landmark made famous by bruce springsteen, mtv and "the sopranos." this is before and after, to give you a sense of what's happened. it's not even all there. you can see the rides including the roller coaster have been washed away sitting in the ocean. michael holmes is just across the bay in toms river, new jersey. you were in seaside heights, you toured it, what did you see?
the death toll from sandy is now up to at least 48 people in eight states, and nearly 6 million people in 15 states and the nation's capital are still without power tonight. also today president obama got a firsthand look of the jersey shore, one of the areas hardest hit by sandy. he was accompanied by new jersey governor chris christie. here they are in a photo just released by the white house within the past hour on marine one. the president said he will help. >> we are here for you and...
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is it too soon to be campaigning after superstorm sandy? you can click yes, they should focus on helping storm victims, or, no, the election is just a few days away. we're going to share your responses later in the hour. >>> superstorm sandy's impact on politics just a small hiccup compared to the tragedy that many people are now trying to overcome. >> it's rough. emotionally it's devastating. >> i'm going -- >> we'll take a look at all the damage. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for t
is it too soon to be campaigning after superstorm sandy? you can click yes, they should focus on helping storm victims, or, no, the election is just a few days away. we're going to share your responses later in the hour. >>> superstorm sandy's impact on politics just a small hiccup compared to the tragedy that many people are now trying to overcome. >> it's rough. emotionally it's devastating. >> i'm going -- >> we'll take a look at all the damage. i'm a conservative...
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sandy is ongoing. the winds of sandy are still blowing in many ways. and almost every moment, there is a new reminder of why. we just got this video of a fire crew out on long island the night that sandy hit, surrounded by water, battered by wind and facing a wall of flames. take a look. >> what about the downed wires? >> watch the wires over your head. >> here comes the wind. >> the block is pitch black. >> imagine that, fighting fire in the midst of all that water. the fire is out. the homes destroyed. power is out to more than 635,000 long island customers. for those 635,000 people, it is still a disaster. still a disaster as well for hundreds of thousands in new york's west chester county who might not see power for another nine days. in lower manhattan, they're at what could be billions of dollars in damage. andrew cuomo took me for a rare look at inside. >> when you saw the water coming in monday night, what went through your mind? >> it was one of the most frightening things. i mean, it was truly frightening, to say the least. all you hear is wa
sandy is ongoing. the winds of sandy are still blowing in many ways. and almost every moment, there is a new reminder of why. we just got this video of a fire crew out on long island the night that sandy hit, surrounded by water, battered by wind and facing a wall of flames. take a look. >> what about the downed wires? >> watch the wires over your head. >> here comes the wind. >> the block is pitch black. >> imagine that, fighting fire in the midst of all that...
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sandy is gone, but misery continues as so many devastated. today the death toll climbed to 97 people. staten island neighborhoods swept away. homeland security secretary janet napolitano toured the area, vowing to do everything she could to help. plus, after insisting this sunday's new york city marathon would go on, mayor bloomberg canceled the race. many were outraged the city would take valuable efforts away from the recovery efforts for the marathon. tonight, city hall and race officials have called it off. meanwhile, look at this. cars lined up for miles to get gas. drivers in some cases waiting 20 hours as the supply dwindles, fighting with each other. there's one report that a guy pulled a gun at one gas station. tonight the military is delivering fuel to the disaster zone, sending 24 million gallons of extra gas, a welcome sign. the obama administration is hiring trucks to bring the gas to staging areas. all this is unfolding four days before the general election. president obama and governor romney fighting it out for every last vote
sandy is gone, but misery continues as so many devastated. today the death toll climbed to 97 people. staten island neighborhoods swept away. homeland security secretary janet napolitano toured the area, vowing to do everything she could to help. plus, after insisting this sunday's new york city marathon would go on, mayor bloomberg canceled the race. many were outraged the city would take valuable efforts away from the recovery efforts for the marathon. tonight, city hall and race officials...
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>> see you in one hour from now, all of the latest on the aftermath of sandy. piers morgan starts right now. >>> good evening. breaking news. looking live at staten island in new york, still under water three days after sandy's fury. this is the next problem, long lines at gas stations. drivers getting angry, very, very angry. 88 deaths and at least 37 in new york city. why is it taking so long to fix this? i'll speak to one of the top people at con edison. residents are pleading for help of the storm that tossed boats around like toys. i'll talk to some of them in just a moment. and another huge storm could hit next week. i'll talk to chad myers about that. in the wake of a superstorm, climate change. and five days until election day. listen to what mitt romney said in virginia beach earlier. >> would you want four more years where -- i think it will be helpful to have a president who actually understands job creation. >> our cnn orc pochlt shows obama at 50 and romney at 48. we begin with one of the hardest hit areas from hurricane sandy, staten island where
>> see you in one hour from now, all of the latest on the aftermath of sandy. piers morgan starts right now. >>> good evening. breaking news. looking live at staten island in new york, still under water three days after sandy's fury. this is the next problem, long lines at gas stations. drivers getting angry, very, very angry. 88 deaths and at least 37 in new york city. why is it taking so long to fix this? i'll speak to one of the top people at con edison. residents are pleading...
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sandy in seconds. incredible. time-lapsed video from across the east river shows hurricane sandy slamming into manhattan. this takes two days and compresses it down into two minutes and shows the second the lights go out in lower manhattan and shows everything. really amazing. logon to our web side. go on to cnn.com/trends for all those top cnn trend. >> "early start" continues right now. >>> we're in shock. everybody is in shock. >> there's no words to put on what happened. we have to start over. >> three days since sandy and storm victims are struggling to recover. >> it is five days until election day. both candidates back on the road in the final battleground states. good morning to you. thanks for being with us this morning. i'm zoraida sambolin. >> i'm john berman. it is 6:00 a.m. in the east. we begin with the latest in the aftermath of that superstorm, the storm that was hurricane sandy. new york city is very slowly attempting to inch back to normal today. some subways and buses will be up and running agai
sandy in seconds. incredible. time-lapsed video from across the east river shows hurricane sandy slamming into manhattan. this takes two days and compresses it down into two minutes and shows the second the lights go out in lower manhattan and shows everything. really amazing. logon to our web side. go on to cnn.com/trends for all those top cnn trend. >> "early start" continues right now. >>> we're in shock. everybody is in shock. >> there's no words to put on...
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f you, sandy. welcome back, ricky. and you have given everyone at home a bit of a smile. back after the break. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. ♪... ♪... ♪... choose the perfect hotel are you one of them? drink dream water, the natural, fast acting sleep aid that helps you wake refreshed. visit drinkdreamwater.com.
f you, sandy. welcome back, ricky. and you have given everyone at home a bit of a smile. back after the break. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. ♪... ♪... ♪... choose...
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they have been impacted by hurricane sandy when it comes to power outages. the darker the color means the higher number of people without power. we know new york and new jersey are likely to go democratic. but let's walk over to pennsylvania here and look at this. you see this down here? let me help you understand this chart a little bit. this explains the darker the color, the higher the number of people without power. as we come back to pennsylvania, i want to show you something. it's obvious to the naked eye. in this area here is where you see more people without power. scranton, philadelphia, in the suburbs. about 100,000 out of power in philadelphia and montgomery and bucks county alone. let's look at how they voted in the last election. if the problems persist, right there that tells you more of a problem for the president. if there's no power at polling stations. if people just decide too much hassle, i can't vote. pennsylvania is an absentee ballot state but not ann early voting state. let's move over to ohio. this is a place where the obama campaign
they have been impacted by hurricane sandy when it comes to power outages. the darker the color means the higher number of people without power. we know new york and new jersey are likely to go democratic. but let's walk over to pennsylvania here and look at this. you see this down here? let me help you understand this chart a little bit. this explains the darker the color, the higher the number of people without power. as we come back to pennsylvania, i want to show you something. it's obvious...
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superstorm sandy has crippled that system. there is catastrophic damage to underground tracks and equipment. the mta says it is too early to tell whether full service will return and be fixed. millions of commuters use the system every day. commuters relied on buses, cars and cabs if you were lucky enough to find them. there was gridlock as bad as we have ever seen. look at a live shot of columbus circle south of central park on the west side. central park still remained closed. it has been like this all day. one of the reasons is that crane is still dangling over 57th street and that is creating the massive traffic jam around the circle. jason joins me from the queensboro bridge. i talked to you earlier today and most people have given up trying to get a vehicle they were walking. >> oh, yeah, it has been a frustrating day for thousands of commuters making their way across the bridge. you can look through the traffic people still making their way at this hour even at 8:00. it is the only way for a lot of these people to get h
superstorm sandy has crippled that system. there is catastrophic damage to underground tracks and equipment. the mta says it is too early to tell whether full service will return and be fixed. millions of commuters use the system every day. commuters relied on buses, cars and cabs if you were lucky enough to find them. there was gridlock as bad as we have ever seen. look at a live shot of columbus circle south of central park on the west side. central park still remained closed. it has been...
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the flames fanned by the powerful winds of sandy. we'll be right back. >>> we learned today the giant fire that devastated the new york city community of breezy point, which we have been covering now for days, was even more destructive than first believed. fire officials upped the number of homes destroyed to 110. those flames were fanned by the gale-force winds of sandy as it pounded the region. today teams scoured the debris checking for victims. i'm joined by a former new york firefighter who lost his home in that fire. it is a miracle he's alive after this disaster and in 2005 he amazingly survived another brush with death. he was nearly killed when his bike was hit by a 20-ton bus and sucked underneath it. this is one of new york's ultimate survivors. appreciate you being with us. i'm so sorry for your loss. how are you holding up? >> thank you, anderson. we are doing as well as can be expected. >> i know you went back home after the fire. is there anything that was salvageable? >> no. not at all. my street was right in the midd
the flames fanned by the powerful winds of sandy. we'll be right back. >>> we learned today the giant fire that devastated the new york city community of breezy point, which we have been covering now for days, was even more destructive than first believed. fire officials upped the number of homes destroyed to 110. those flames were fanned by the gale-force winds of sandy as it pounded the region. today teams scoured the debris checking for victims. i'm joined by a former new york...
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thank you. >> all right, thousands lost everything in superstorm sandy. it is a situation that is hard for the rest of us to even imagine. we've seen the physical impactmeimpact. up next, we're going to talk about what the survivors may be deal with, psychologically. >> we lost our house, our pool, and god only knows what else. >> unbelievable, like a war zone. >> i'm not exactly sure where to go from here besides calling the insurance company. >> that is the first step, then comes calculating the loss and cashing the check. in sandy's wake, tens of thousands of homeowners are now asking if a tree falls in a hurricane who pays? >> if the tree hits your house, you call your insurance company, and file a claim. you're going to be covered for the damage that that tree does to your house, for anything that is in the house, and for the cost of removing that tree. >> jean salvatore of the insurance institution. >> wind is one of those standard disasters that is covered. >> reporter: with sandy's wind came water. >> most people buy flood insurance from the natio
thank you. >> all right, thousands lost everything in superstorm sandy. it is a situation that is hard for the rest of us to even imagine. we've seen the physical impactmeimpact. up next, we're going to talk about what the survivors may be deal with, psychologically. >> we lost our house, our pool, and god only knows what else. >> unbelievable, like a war zone. >> i'm not exactly sure where to go from here besides calling the insurance company. >> that is the first...
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plus, images of sandy's wrath continue to pour in. these boats wound up far where they're supposed to be, in someone's front yard. details on that. >>> sandy will cost billions to clean up across a number of states, but new york city alone has an astronomical bill. we'll break down the numbers and what you can expect to pay and be reimbursed from insurance. "starting point" back after this. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. anncr: every president inherits few have faced so many. four years later... our enemies have been brought to justice. our heroes are coming home. assembly lines are humming again. there are still challenges to meet. children to educate. a middle class to rebuild. but the last thing we should do is turn back now. president obama: i'm barack obama and... i approve this message. stay top of mind with custom
plus, images of sandy's wrath continue to pour in. these boats wound up far where they're supposed to be, in someone's front yard. details on that. >>> sandy will cost billions to clean up across a number of states, but new york city alone has an astronomical bill. we'll break down the numbers and what you can expect to pay and be reimbursed from insurance. "starting point" back after this. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and...
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the flames fanned by the powerful winds of sandy. we'll be right back. ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ tyou wouldn't want your adoctor doing your job, hello... so why are you doing hers? only your doctor can determine if your persistent heartburn is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures and low magnesium levels with long-term use of nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. let your doctor do her job. an
the flames fanned by the powerful winds of sandy. we'll be right back. ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ tyou wouldn't want your adoctor doing your job, hello... so why are you doing hers? only your doctor can determine if your persistent heartburn is...
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>>> one week after superstorm sandy, skmeeand here's what we . the storm is blamed for 111 deaths in the u.s. in new york city alone, governor andrew cuomo estimates that 30,000 to 40,000 people could need housing. >> people are in homes that are un un uninhabitable. it's going to be increasingly clear that they're uninhabitable when the temperature goes down and they can't heat their homes. then we'll need to find housing for thousands right away. >> they've restored service to more than 75% of the customers in new york, but the millions who remain without power now have to deal with the cold front. forecasters say temperatures are expected to drop below freezing tonight and tomorrow evening. the american red cross is moving 80,000 blankets into the region ahead of colder weather. >>> let's head to belmar, new jersey now. that part of the jersey shore was hit pretty hard. what kind of progress are you able to see at this juncture? >> reporter: well, you're looking down ocean avenue here behind me. this was the beating heart, really, of the shore
>>> one week after superstorm sandy, skmeeand here's what we . the storm is blamed for 111 deaths in the u.s. in new york city alone, governor andrew cuomo estimates that 30,000 to 40,000 people could need housing. >> people are in homes that are un un uninhabitable. it's going to be increasingly clear that they're uninhabitable when the temperature goes down and they can't heat their homes. then we'll need to find housing for thousands right away. >> they've restored...